AskBiography Logo   Latest News  Follow Us on Twitter  Follow Us on Google Buzz  Became Fan - Facebook  Subscribe to RSSRSS   Bookmark and Share

Allied Irish Banks

Allied Irish Banks
Company nameAllied Irish Banks p.l.c.
Company typePublic
Founded1966
HeadquartersDublin, Ireland
Key peopleDan O' Connor, Chairman
Colm Doherty, Group Chief Executive
ProductsBanking products
Revenue(+) -4.868 billion (2007)
Operating income(+) -2.508 billion (2007)
Net income(+) -2.248 billion (2007)
Employees24,000 (2004)

     Home | Company | Allied Irish Banks





Allied Irish Banks p.l.c. (AIB) is a major commercial bank based in Ireland. In December 2010 the Irish government effectively nationalised the entity and it became a government institution. AIB is one of the so called Big Four commercial banks in Ireland. The bank has one of the largest branch networks in Ireland; only Bank of Ireland fully rivals it. AIB offers a full range of personal and corporate banking services. AIB Capital Markets is the division of the company that offers international banking and treasury operations.The bank also offers a range of general insurance products such as home, travel, and health insurance. It offers life assurance and pensions through its wholly owned subsidiary, Ark Life Assurance.

AIB shares formerly traded on the Irish Stock Exchange, and the London Stock Exchange, and an ADR traded on the New York Stock Exchange. AIB was delisted from these exchanges following its effective nationalisation, and remaining publicly-traded shares of AIB are now listed on the Enterprise Securities Market of the Irish Stock Exchange .

Internationally, AIB operates mainly in the United Kingdom (as Allied Irish Bank (GB) and First Trust Bank in Northern Ireland), and Poland (as BZ-WBK). In November 2010, it sold its 22.5% stake in M&T Bank in the United States. At the beginning of 2008 AIB entered the Latvian, Estonian and Lithuanian markets by acquiring AmCredit mortgage finance business from the Baltic � American Enterprise Fund. Allied Irish Banks along with their competitor Bank of Ireland, accepted 3.5 billion euro from the government of the Republic of Ireland as a part of the Bank Recapitalisation scheme, in 2009.

Allied Irish Banks Video

A short Irish music video commenting on the collapse of the Irish banks and the subsequent IMF-EU bailout of Ireland. The instrumental music is for piano and B-flat trumpet and composed by Deirdre Ryan. The sudden and spectacular crash of "CelticTiger" Ireland has its origins in the greed-driven policies of fairly recent Irish political leaders, and my intention was to convey something of this as well as to depict some of the desperate consequences of the crash itself. The shots are of various Irish government buildings and banks HQ in Dublin city, including the NAMA building by the Grand Canal (with its "Inspiration" figure clinging to the wall) and the Allied Irish Banks Group HQ in Ballsbridge, with its wonderful, prescient sculpture of a mad, aggressive hare... Later shots are of some ghost estates within "commuting" distance of Dublin city, and of the beautiful National Garden of Remembrance in Parnell Square and Merrion Strand - both well worth a quiet, solitary visit.... I think the video makes for a pretty sad comment on contemporary Ireland, but there also comes a time to leave despair behind and to focus on building a better, fairer future. Not sure from where the ideas will come, but one credible, hopeful vision is being offerered at www.fintanotoole.ie.
2.77 min. | 5.0 user rating		 ALLIED IRISH BANK - IRELAND'S LARGEST & MOST IMPORTANT BANK DEMONSTRATES ITS FURTHER EXPOSURE TO ' TOXIC ' LOANS IN THE US --------- www.independent.ie --------- LATEST CENTRAL STATISTICS OFFICE FIGURES ON OUR TOTAL EXTERNAL DEBT & TOTAL BANK DEBT ----- www.cso.ie ------------ THE UK TORY PARTY IS HEADED BY UP BY DAVID CAMERON WHOSE ECONOMIC VIEWS ARE VERY CLOSELY ALIGNED WITH THOSE OF OUR PRESENT GOVERNMENT HERE IN IRELAND ----------------------- www.independent.co.uk
9.40 min. | 4.95 user rating		 MANY TIMES I HAVE BEEN POSED THE QUESTION - REGARDING IRELAND'S PRESENT CRISIS . WELL - WHAT WOULD YOU DO ? HOW WOULD YOU RESOLVE THIS CRISIS ? FIRSTLY , IN ORDER TO DO ANYTHING AT ALL - YOU NEED POLITICAL POWER . I DO NOT HAVE SUCH POWER . THE REASON WE THE IRISH PEOPLE , ARE IN SUCH A MAJOR DILEMMA IS BECAUSE THOSE WHO WERE & ARE IN POWER HAVE BETRAYED THEIR SOVEREIGNTY & GIVEN IT OVER ENTIRELY TO CORPORATE & ELITIST INTERESTS. THEY HAVE ABSOLUTELY NO INTEREST IN THE WELL BEING OF THE MAJORITY OF THOSE WHO VOTED THEM INTO POWER . THE WORKING CLASS & THE MIDDLE CLASS . SO FAR WE HAVE POURED 24 BILLION EUROS INTO THE ' BLACK HOLE ' THAT IS ANGLO IRISH BANK . WE HAVE ALSO PUT AT LEAST ANOTHER 15 BILLION EUROS INTO AIB , Bank of Ireland , IL& P etc. NOT FORGETTING THE 54 BILLION EUROS WE HAVE BORROWED FOR NAMA. ALL OF THIS IS A RECIPE FOR DISASTER . EVEN AN IDIOT WOULD REALISE THIS. WE MUST STOP ALL THIS MADNESS NOW --- IMMEDIATELY. NO MORE MONEY INTO INSOLVENT & BANKRUPT BANKS . WE SHOULD START A SMALL NUMBER OF ' NEW ' BANKS - SPECIFICALLY AIMED AT FRESH START UP BUSINESSES & INCREASING EMPLOYMENT IN EXPORT DRIVEN BUSINESS . WE SHOULD ALSO BE LOOKING AT A TEN YEAR CAPITAL DEVELOPMENT PLAN BASED AROUND HARBOURS , AIRPORTS & NATIONAL INFRASTRUCTURE . ALL OF THIS WOULD BE DISTINCTLY POSSIBLE IF WE WERE NOT THROWING IN THE REGION OF 50 BILLION EUROS INTO A DEFUNCT BANKING SYSTEM.
10.50 min. | 5.0 user rating		 www.SupportLineAlerts.com This is today's BobChart for Allied Irish Banks Plc. Allied Irish Banks Plc closed at 40.66. The nearest support is 1.4 percent below the close at 40.07. The nearest resistance is 9.20 percent above the close at 44.40.
0.97 min. | 0 user rating
3.88 min. | 0 user rating
Allied Irish Banks (NYSE:AIB)traded in a range yesterday that spanned from a low of $2.44 to a high of $2.53. Yesterday, the shares fell 1.95%, which took the trading range below the 3-day low of $2.50 on volume of 4.2 million shares. Shares of Allied Irish Banks are currently trading below their 50-day moving average (MA) of $3.64 and below their 200-day MA of $4.99. Look for these MAs to provide resistance for a short-term rebound in the shares. SmarTrend is bearish on shares of Allied Irish Banks and our subscribers were alerted to Sell on May 06, 2010 at $3.11. The stock has fallen 19.2% since the alert was issued. SmarTrend has the shares in a Downtrend and expects the share price to rebound toward the $2.51 resistance level. Afterwards, we expect it to move downward with its peers in the SmarTrend Foreign Money Center Banks industry.
1.27 min. | 5.0 user rating		 Reuters reports that Banco Santander (STD) is set to win the auction to buy Allied Irish Banks stake in Poland's Bank Zachondi. Santander reportedly won the bidding for the 70% stake. There was no value reported for a potential deal. Banco Santander ADRs are up 1.44%, or $0.18, to $12.66.
0.53 min. | 0 user rating		 Futures are flat ahead of economic data on durable goods orders, personal income and spending and consumer sentiment. Oil prices are near 2-year highs. Ireland is injecting €3.7 billion into Allied Irish Bank. Rio Tinto is buying Riversdale Mining.
2.40 min. | 5.0 user rating		 a short take on the KrisK song ,with our poor and impoverished nation in mind, having regard to one of its founding fathers.
2.53 min. | 5.0 user rating		 TheBiggest Percent Gainer Today are Shares of Bebe Stores Shares of Bebe Stores (ticker: BEBE) are trading up 7.6% to $6.85. Volume so far today is 26 thousand shares versus the 3-month average daily volume of 873 thousand shares. Also On The Move Higher is Coldwater Creek Shares of Coldwater Creek (ticker: CWTR) are trading up 7.5% to $3.59. Volume so far today is 61 thousand shares versus the 3-month average daily volume of 1 million shares. Also... Shares of Allied Irish Banks (ticker: AIB) are trading up 6.4% to $2.34. Volume so far today is 68 thousand shares versus the 3-month average daily volume of 5 million shares.
1.18 min. | 5.0 user rating

Latest News : Allied Irish Banks : Tweet this RSS

Want to Allied Irish Banks latest news on your twitter account???   sign in with twitter
Allied Irish Banks     sign in with twitter   ||  Company     sign in with twitter   ||  Economy     sign in with twitter
Lynch advisers estimated his worth at €48m, court is told - Irish Independent Tweet this news
Irish Independent--Courtpix LEADING businessman Philip Lynch's advisers told -Allied Irish Banks- he was worth €48m before the bank gave out a €25m loan for his family's property investment, a court heard yesterday. However, his daughter, Ju - Date : Wed, 16 Mar 2011 04:58:20 GMT+00:00
Allied Irish Banks Downward Momentum Looks to Continue (AIB) - Benzinga Tweet this news
Benzinga--SmarTrend identified a Downtrend for -Allied Irish Banks- (NYSE: -AIB-) on December 23, 2010 at $4.58. In approximately 3 months since that trend was identified, -Allied Irish Banks- has fallen 34.2% as of today's recent price of $3.01. In - Date : Wed, 16 Mar 2011 00:46:58 GMT+00:00
AIB raises fixed mortgage rates - Businessandleadership.com Tweet this news
Businessandleadership.com---Allied Irish Banks- has raised its fixed interest mortgage rates for new residential owner-occupiers. The bank has become the latest in a string of financial institutions to up their rates for borrowers. It said today that the - Date : Tue, 15 Mar 2011 11:45:25 GMT+00:00
Research and Markets: Allied Irish Banks, plc - SWOT Analysis - Insurance News Net (press release) Tweet this news
Insurance News Net (press release)--The -Allied Irish Banks-, plc . - SWOT Analysis company profile is the essential source for top-level company data and information. -Allied Irish Banks-, plc . - SWOT Analysis examines the companys key business structur - Date : Mon, 14 Mar 2011 10:13:27 GMT+00:00
UK judge dismisses attempt to curtail NAMA's reach - Irish Independent Tweet this news
Irish Independent--Carey Group, which also operates in Ireland and also trades as PJ Carey, said it had been a customer of -AIB- UK for 40 years. The court was told that its debt to the bank was in "no sense toxic". The company had five - Date : Wed, 16 Mar 2011 04:51:49 GMT+00:00
Influential group met to discuss ideas for recovery last autumn - Irish Times Tweet this news
Irish Times--Sean O'Driscoll, chief executive of electrical appliance maker Glen Dimplex and from 2006 to 2010 a director of -Allied Irish Banks-, has taken charge of the next step - presenting the report to Government and meeting the Taoiseach and T - Date : Wed, 16 Mar 2011 01:02:18 GMT+00:00
Allied Irish warns staff of 'radical' restructuring - Reuters Tweet this news
Reuters--DUBLIN, March 11 (Reuters) - -Allied Irish Banks- (ALBK.I), Ireland's second largest bank, has warned staff of "radical" restructuring including job losses as part of a government programme to downsize the banking sector. I - Date : Fri, 11 Mar 2011 13:22:21 GMT+00:00
Daughter denies Lynch family expected rise in land value - Irish Times Tweet this news
Irish Times--The 86 acres at Kilbarry are now said to be valued at about €4 million and the Lynch family has brought proceedings against -AIB- and two firms of solicitors aimed at preventing the bank pursuing them for €25.3 million judgment orders. .. - Date : Sat, 12 Mar 2011 00:45:51 GMT+00:00
Daily M&A: Rethinking Irish Banks As Buyout Targets (AIB, IRE, BKU, BX) - 24/7 Wall St. (blog) Tweet this news
24/7 Wall St. (blog)--The only two public banks (or more like quasi-public government agencies) that US investors know about are -Allied Irish Banks- plc (NYSE: -AIB-) and Bank of Ireland (NYSE: IRE). There are also Anglo Irish, Irish Nationwide, Irish Li - Date : Fri, 11 Mar 2011 17:16:34 GMT+00:00
Hoping for More Credible Stress Tests in Europe - Seeking Alpha Tweet this news
Seeking Alpha--None of those banks were Irish; Ireland's debt was not even a going concern at this point. It would be two months before Irish banks Anglo Irish (AGCPF.PK), -Allied Irish- (-AIB-) and the building society Irish Nationwide would need mo - Date : Fri, 11 Mar 2011 13:53:45 GMT+00:00

Banks of the Republic of Ireland

ACCBank * Allied Irish Banks * Anglo Irish Bank * Bank of Ireland * First Active * Halifax * Irish Life and Permanent * KBC Bank Ireland * National Irish Bank * Ulster Bank

ISEQ 20 companies of Ireland

Allied Irish Banks * Aryzta * Bank of Ireland * CRH * C&C Group * DCC * Dragon Oil * Élan Corporation * FBD Holdings * Glanbia * Grafton Group * Greencore * Independent News & Media * Irish Life and Permanent * Kerry Group * Kingspan Group * Paddy Power * Ryanair * Smurfit Kappa * United Drug



Privacy | Sitemap | Micra Hosting